Which of the Following Is Not an Example of One

question 80

Multiple Choice

Which of the following is not an example of one of the main instruments in trade policy used by governments around the world?

• A) tariffs
• B) political mandate
• C) subsidies
• D) import quotas
• E) local content requirements

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Definitions:

Science

The systematic study of the structure and behavior of the physical and natural world through observation and experiment.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Conceptualization

The ability to formulate or understand complex ideas and abstract concepts.

Innovation Process

A systematic approach involving stages of idea generation, development, and commercialization to introduce new products, services, or methods.